The India biometrics market size reached INR 21,541.1 Crores in 2023. The market is projected to reach INR 65,858.3 Crores by 2032, exhibiting a growth rate (CAGR) of 13.2% during 2023-2032.
Biometrics is the process using which an individual’s unique physical and other traits can be recorded by an electronic device as a way to confirm identity. The market for biometrics in India has witnessed strong growth in recent years as a result of its increasing adoption across both government and private sectors. Consumers are increasingly adopting various biometric means such as fingerprint, facial, and voice recognition, to verify their identity as well as to make payments. The Indian government is also adopting biometric technologies for identification and verification of individuals in various e-Governance applications such as UIDAI (Aadhar), E-Passport, RSBY (Rashtriya Swasthya Bima Yojna), Driving License, etc. Some of the other factors driving the Indian biometrics market include rising number of smart phone users, improving internet connectivity, increasing security concerns, etc.
2. What is the expected growth rate of the India biometrics market during 2024-2032?
3. What are the key factors driving the India biometrics market?
4. What has been the impact of COVID-19 on the India biometrics market?
5. What is the breakup of the India biometrics market based on the technology?
6. What is the breakup of the India biometrics market based on the functionality?
7. What is the breakup of the India biometrics market based on the authentication?
8. What is the breakup of the India biometrics market based on the component?
9. What is the breakup of the India biometrics market based on the end-user?
10. What are the key regions in the India biometrics market?
11. Who are the key players/companies in the India biometrics market?
Biometrics is the process using which an individual’s unique physical and other traits can be recorded by an electronic device as a way to confirm identity. The market for biometrics in India has witnessed strong growth in recent years as a result of its increasing adoption across both government and private sectors. Consumers are increasingly adopting various biometric means such as fingerprint, facial, and voice recognition, to verify their identity as well as to make payments. The Indian government is also adopting biometric technologies for identification and verification of individuals in various e-Governance applications such as UIDAI (Aadhar), E-Passport, RSBY (Rashtriya Swasthya Bima Yojna), Driving License, etc. Some of the other factors driving the Indian biometrics market include rising number of smart phone users, improving internet connectivity, increasing security concerns, etc.
Key Market Segmentation:
The report provides an analysis of the key trends in each sub-segment of the India biometrics market report, along with forecasts at the country and regional level from 2023-2032. The report has categorized the market based on technology, functionality, authentication, component and end-user.Breakup by Region:
- North India
- West and Central India
- South India
- East India
Breakup by Technology:
- Face Recognition
- Hand Geometry
- Voice Recognition
- Signature recognition
- Iris recognition
- AFIS
- Non-AFIS
- Others
Breakup by Functionality:
- Contact
- Non-contact
- Combined
Breakup by Authentication:
- Single-Factor Authentication
- Multifactor Authentication
Breakup by Component:
- Hardware
- Software
Breakup by End-User:
- Government
- Defense Services
- Banking and Finance
- Consumer Electronics
- Healthcare
- Commercial Safety and Security
- Transport/Visa/Logistics
- Others
Value Chain Analysis
- Key Drivers and Challenges
Porters Five Forces Analysis
- PESTEL Analysis
Government Regulations
Competitive Landscape
- The report has also analysed the competitive landscape of the biometrics market with some of the key players being IDEMIA, Secugen India Pvt. Ltd., NEC Technologies India Pvt. Ltd, 4G Identity Solutions, HID Corporation, eSSL Security, 3M India Ltd, Honeywell International Inc., Zicom Saas Pvt. Ltd., and Matrix Comsec Pvt. Ltd.
Key Questions Answered in This Report
1. What was the size of the India biometrics market in 2023?2. What is the expected growth rate of the India biometrics market during 2024-2032?
3. What are the key factors driving the India biometrics market?
4. What has been the impact of COVID-19 on the India biometrics market?
5. What is the breakup of the India biometrics market based on the technology?
6. What is the breakup of the India biometrics market based on the functionality?
7. What is the breakup of the India biometrics market based on the authentication?
8. What is the breakup of the India biometrics market based on the component?
9. What is the breakup of the India biometrics market based on the end-user?
10. What are the key regions in the India biometrics market?
11. Who are the key players/companies in the India biometrics market?
Table of Contents
1 Preface3 Executive Summary12 Government Regulations13 Strategic Recommendations
2 Scope and Methodology
4 Introduction
5 India Biometrics Market
6 Market Breakup by Technology
7 Market Breakup by Functionality
8 Market Breakup by Authentication
9 Market Breakup by Component
10 Market Breakup by End-User
11 Market Breakup by Region
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- IDEMIA
- Secugen India Pvt. Ltd.
- NEC Technologies India Pvt. Ltd
- 4G Identity Solutions
- HID Corporation
- eSSL Security
- 3M India Ltd
- Honeywell International Inc.
- Zicom Saas Pvt. Ltd.
- Matrix Comsec Pvt. Ltd.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 116 |
| Published | January 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( INR | INR 21541.1 Crores |
| Forecasted Market Value ( INR | INR 65858.3 Crores |
| Compound Annual Growth Rate | 13.2% |
| Regions Covered | India |
| No. of Companies Mentioned | 10 |
